New RNC Ad Dismisses Bailout as McCain Works for It
Updated 9:05 p.m.
By Ed O'Keefe
A new ad from the Republican National Committee's independent expenditure unit seems to dismiss the economic bailout proposals that John McCain continues to work on, potentially confusing voters by leading them to think the senator opposes the measures. The ad also criticizes Barack Obama for the size and costs of his government spending proposals.
"Wall Street squanders our money and Washington is forced to bail them out with -- you guessed it -- our money," the RNC ad states. "Can it get any worse? Under Barack Obama's plan, the government would spend a trillion dollars more, even after the bailout. A trillion dollars. Who pays? You do. New taxes. New spending. New debt. Barack Obama's plan: It will make the problem worse."
McCain told CNN this morning that in spite of fierce opposition to the bailout, "I'm glad to stay at it. That's what my job is, I believe, as an American, not as a candidate for president." McCain said he spoke with President Bush this morning and expressed support for a proposed increase of FDIC insurance levels on bank deposits from $100,000 to $250,000.
"For John McCain's party to demagogue a rescue plan that he supports in order to score cheap political points is not only dishonest and dishonorable, it is the height of irresponsibility on a day when we urgently need to pass that plan to prevent an economic catastrophe," Obama campaign spokesman Bill Burton said in response to the spot.
The ad states Obama's government spending plans would cost "a trillion dollars or more," citing a Feb. 2008 Investor's Business Daily report that forecasts Obama's plans would mean "spending of nearly $1 trillion," leading to "no hope of anything resembling a balanced budget."
During Friday's debate, McCain suggested Obama's total government spending would cost at least $850 billion.
The RNC will spend $5 million to air the ad in Indiana, Michigan, Ohio, Pennsylania, Virginia and Wisconsin, according to Brad Todd, who oversees the party's independent expenditure unit. The unit was created in July to target Obama through advertising and mailers. Some of the unit's funding comes from money once raised by the McCain campaign, but by law it cannot coordinate with the campaign or the RNC.
Posted at 12:11 PM ET on Sep 30, 2008
Share This: Technorati | Tag in Del.icio.us | Digg This
Previous: A Political Meltdown | Next: Obama Pushes Passage of Wall Steet Rescue Bill
Please email us to report offensive comments.
Posted by: obama1 | September 30, 2008 11:00 PM
Posted by: Gator-ron | September 30, 2008 5:27 PM
Posted by: scrivener50 | September 30, 2008 4:08 PM
Posted by: thebobbob | September 30, 2008 2:19 PM
Posted by: DrainYou | September 30, 2008 2:17 PM
Posted by: glclark4750 | September 30, 2008 2:06 PM
Posted by: miraclestudies | September 30, 2008 2:02 PM
Posted by: parkerfl1 | September 30, 2008 1:42 PM
Posted by: thecannula | September 30, 2008 1:28 PM
Posted by: Gator-ron | September 30, 2008 1:19 PM
Posted by: quatzecoutl | September 30, 2008 12:58 PM
Posted by: Seneca7 | September 30, 2008 12:54 PM
Posted by: thecannula | September 30, 2008 12:34 PM
Posted by: MarkInAustin | September 30, 2008 12:24 PM
Posted by: AlexP1 | September 30, 2008 12:23 PM
Posted by: wes1155 | September 30, 2008 12:23 PM
The comments to this entry are closed.